US dollar gave back a lot of its gains and it seems that another dollar sell-off continues today in early Asian session. My account balance took at big hit as I bought dollar against other currencies hoping for another rally. I also lost some pips on buying euro against the pound but it moved against me. I'm still in the top 10 contestants, but for how long since I have 4 dollar long position opened - deep in red!
Well, losses are an integral part of trading and these are still pending, so there a chance of breaking even as the biggest event this week - FOMC Minutes release is coming in less than 24 hours. Will hawkish minutes save the dollar(and my account balance) - we'll see. I think there's a big(real) chance for that materializing.
Now reviewing the charts again, I feel that my long EUR/GBP was a valid attempt even though it moved below the support line of 0.8450-40 levels. I expected the pound to take the hit harder than euro but the opposite happened. I guess Brexit is an old news for the markets and now it has become more sensitive to French election polls.
Well, losses are an integral part of trading and these are still pending, so there a chance of breaking even as the biggest event this week - FOMC Minutes release is coming in less than 24 hours. Will hawkish minutes save the dollar(and my account balance) - we'll see. I think there's a big(real) chance for that materializing.
Now reviewing the charts again, I feel that my long EUR/GBP was a valid attempt even though it moved below the support line of 0.8450-40 levels. I expected the pound to take the hit harder than euro but the opposite happened. I guess Brexit is an old news for the markets and now it has become more sensitive to French election polls.